“The Bear Market Economics Phenomenon” is an observation of Political Economics. Wall Street Admits: ‘We Got Rich Off the Backs of Workers’ thus creating the Bear Market. The Bear Market is America's default war.
The ethic of Wall Street is the ethic of celebrity. It is fused into one bizarre, perverted belief system and it has banished the possibility of the country returning to a reality-based world or avoiding internal collapse. A society that cannot distinguish reality from illusion dies.

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Last week, al Qaeda issued its annual Christmas threat to the United States promising suicide bombings during the holidays. Here's a better idea for a Christmas present from al Qaeda: a video showing Osama bin Laden - or his grave.

Is bin Laden dead or alive? Nobody seems to know for sure, or, if anybody does, he isn't saying. The White House's Afghanistan-Pakistan review this month didn't even mention him despite an ongoing, decade-long manhunt.

Here's what we know. On Oct. 27, after bin Laden supposedly demanded that France withdraw troops from Afghanistan, the French Foreign Ministry said the tape "can be considered established based on initial verification." U.S. intelligence agencies gave credence to the verification, not only refusing to put out a disclaimer, but letting their staffs back the authenticity of other recent tapes. Upon release of al Qaeda's Jan. 24 tape early last year, ABC reported that intelligence officials "can't verify the authenticity of the tape, but they say there has never been a fake and there is no reason to believe this one is not real." Likewise, CNN's reporting of a June 2009 tape concluded, "A CNN analysis said the voice does indeed sound like the leader of the terrorist network that attacked the United States on Sept. 11, 2001."

CIA reports, doctors and biographers have asserted that bin Laden had (has) a range of diseases from typhoid to renal disease, Addison's disease, secondary osteoporosis and Marfan syndrome. Intelligence agencies think that in 2000, he had kidney-dialysis devices shipped to him in Afghanistan. His 1987 biography states that bin Laden was being treated with insulin for diabetes and suffered serious low blood pressure. Is it likely that the most wanted man in the world has been regularly receiving medical attention without detection for the past 10 years?

Since 2004, we have seen no new bin Laden videos; we've only heard audios. One video released in 2007 could be a compilation of older videos. So why does the intelligence community continue to support the impression that he's alive?

Everyone in America knows how spot-on impersonations can be. "Saturday Night Live" ("SNL") has been doing them for years. Without the glasses, Tina Fey is herself; with them, she is Sarah Palin. Even the cast had difficult telling the difference and mixed them up when Mrs. Palin actually showed up. Amy Poehler's Hillary Clinton and Darrell Hammond's Bill Clinton have riveted late-night viewers for decades. Has Tina Fey met her match in al Qaeda?

Al Qaeda wants America and the world to believe bin Laden is still alive. His image is a specter of the horrors of Sept. 11, helping build public support for everything from troop surges a globe away to warrantless wiretaps at home.

But the image of bin Laden is getting moldy, and there's little reason for his ghost to scare anyone anymore. If al Qaeda wants America to believe bin Laden is alive, it should put up or shut up.

Here's a challenge to al Qaeda: Send a new video that can be analyzed properly. Otherwise, we'll take it all as a big scam, al Qaeda's version of "Saturday Night Live." Otherwise, you betcha, he's dead.

Robert Weiner is a former spokesman for the Clinton White House and the House Government Operations Committee. James Lewis is a national security analyst at Robert Weiner Associates.

Robert Weiner, NATIONAL PUBLIC AFFAIRS AND ISSUES STRATEGIST Bob Weiner, a national issues and public affairs strategist, has been spokesman for and directed the public affairs offices of White House Drug Czar and Four Star General Barry (more...)

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The Bear Marketplace

The Bear Market Dynamic

Our faith in capitalistic institutions promotes the pretense of democracy, while it delivers plutocracy, corporate fascism, and militarism. Similarly, imprudent belief in the American Dream induces people to behave in ways that promote the welfare of those in power rather than the perspectives of those of us struggling to be free. Belief in this discredited notion keeps workers from organizing against their oppressors.

Wouldn't universal health care for all, or at least a public option for those who have been exposed, namely all U.S. citizens, be a sim...

“Bear Market Economics” is an expression of Political Economics, an interdisciplinary field focusing on the non-market, collective, and political activity of individuals and organizations. Specific fields of inquiry include regulation, distributive politics, elections, corporate politics, public policy, social welfare, scientific and science policy, political participation and collective action, interest groups, constitutional choice, legislative behavior and organization, judicial institutions, bureaucracies, comparative institutions, cooperative political economy, macro political economy, allocation of resources, the environment, ecology, law and economics, business and government, how markets affect and impact the public and the commons. The orientation to these topics tends to be positive rather than normative.

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If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission from the copyright owner.

The American Capitalist Way

Capitalism is preferentially identified by its euphemisms: "Free Enterprise," "market system," "private enterprise." "the American Way," etc. Overt and pervasive partisanship in support of capitalism is not regarded by the American media as an ideological bias negating professional "objectivity" but rather comparable to the serene acceptance of natural laws.